IRVINE, Calif., Jan. 31, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (Pink Sheets:UBRG), a publicly traded independent diversified energy company, announced that it is planning to add new profits centers this year to increase revenues and generate earnings for the Company. The Company is making a major shift in its business strategy this year to aggressively pursue generating increased earnings and profitability.
The Company and NDR Energy Group are planning to increase their revenues and profits by engaging in and taking over many of the services that are currently being provided to them by their natural gas suppliers.
These new profit centers will include, Natural Gas Scheduling, Gas Nominations, Capacity Releases for the release of transportation capacity on interstate natural gas pipelines, Gas Transmission and Delivery via the interstate pipeline system to their Local Utility customers, Pipeline Balancing, Risk Management to develop supply pricing strategy, options, demand, futures contracts, spot market sales, Gas Storage to match seasonal load variations and production over periods of fluctuating demand and Gas Trading for physical trading, financial trading and hedging of gas futures.
Universal's President Vince M. Guest states, "We are working very aggressively this year toward the pursuit of solid earnings and profits. These services are currently being charged to us by our suppliers. However, with our plans for obtaining long-term contracts with other independent producers and having our own gas supplies, we should be able to bring these services in house which will give us greater control over our gas supply. Instead of being cost centers, these services will create additional net revenue for us and become profit centers to achieve positive earnings. Gas storage will play a prominent role in the future of NDR Energy's revenues due to the significant potential for profits in this area. We believe that by implementing these new profit centers they could potentially generate an additional $0.05 to $0.12 or more in revenue per mcf of natural gas that we sell to our customers. We feel this should have a very positive effect on the company and bring greater value to our shareholders."
About Universal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal and propane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information, visit www.universalbioenergy.com
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Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Universal Bioenergy Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.